elastio Research by SuperAGI

Company Analysis: Elastio

Overview

Elastio is a leading cybersecurity firm specializing in ransomware recovery assurance through its cloud-native platform. The platform integrates AI-driven technology to maintain data integrity and enable rapid recovery from cyber threats. The company is esteemed as an AWS Security and Storage Competency Partner, reinforcing its expertise in securing cloud environments and minimizing operational risks associated with ransomware.

Key Offerings

Elastio's platform focuses on proactive ransomware threat detection utilizing artificial intelligence and machine learning. Key features include:

Real-time threat detection to halt ransomware spread.

A zero-trust approach ensuring rigorous data inspection.

Compliance with cybersecurity standards, including SEC breach disclosures and NYDFS Section 500.16.

Recent Developments

In a notable expansion, Elastio announced a partnership with Magna5 on March 5, 2025, to enhance business organizations' ransomware recovery solutions.

Funding and Financials

The company secured $18 million in Series A funding on June 14, 2023, led by Venture Guides, Capri Ventures, and Alumni Ventures, manifesting a growth-centric strategy for its ransomware resilience technology.

Leadership Team

Najaf Husain, CEO: With over 25 years in tech entrepreneurship.

Adam Nelson, CTO: Co-founder with a focus on cloud security.

Todd Fredrick, SVP of Strategic Alliances: Key in fostering partnerships.

Srinidhi Varadarajan, Chief of Cyber Intelligence: Specialist in cyber resilience.

James Gorman, CISO: Expert in comprehensive cybersecurity.

Greg Aligannis, VP of Product and Security: Oversees solution development and security.

Operational Base

Elastio operates from offices located at 120 Causeway Street, Boston, MA 02114, and Two Fountain Square, Suite 550, Reston, VA 20190.

Competitor Analysis

Company Overview

Elastio is prominent in the cybersecurity market, generating approximately $9 million in annual revenue with a workforce of around 65 employees.

Major Competitors

1. Druva Data Security Cloud

Offers SaaS-based protection with coverage for cloud, on-premises, and edge, serving over 6,000 customers including 65 of the Fortune 500.

2. Unitrends

Provides cloud-first backup and disaster recovery solutions. Known for integration and robust protection, with revenue exceeding $83 million and 123 employees.

3. Redstor

Focuses on cloud-based backup and recovery services, offering fast setup and recovery, tailored for MSPs and end-users.

4. ThreatLocker

Specializes in zero-trust endpoint security with rapid growth, ranked 120th on the 2024 Inc. 5000 list of fastest-growing private companies in America.

Competitive Analysis

Elastio's strength lies in its specialized ransomware focus within cloud environments. Nonetheless, competitors like Druva and Unitrends offer comprehensive data security solutions that cater to broader enterprise needs, presenting potential challenges. Druva's enterprise reach and Unitrends’ all-in-one solutions offer robust alternatives, necessitating Elastio to leverage its unique ransomware resilience strategies effectively in the market.

Elastio remains a vital player by emphasizing its niche in cloud-based ransomware recovery, but must continually enhance its value propositions to maintain its competitive advantage.